Anonymous
Anonymous asked in Politics & GovernmentPolitics · 8 years ago

Why doesn’t capitalism work in US pharmaceutical industry?

“Fear in US as drug shortages mount”

“Shortages of vital drugs, particularly cancer-fighting medication, have raised concerns in the United States, where regulators often have to race to try to find replacements.

“A recent report by the Food and Drug Administration (FDA) found that the number of important treatments that are difficult or impossible to find nearly tripled from 61 to 178 between 2005 and 2010.

“Most of the rare medications are for hospital use, including sterile injections, intravenous treatments, anesthetics and antibiotics. The products include both name-brand and generic drugs.

"FDA hears from patients and also from healthcare professionals and organizations about the terrible impact the shortages have had," spokeswoman Shelly Burgess said.

"We really need to take a very careful look at what is going on. I have never seen anything like this and I have been a pharmacist for over 40 years," says Mike Cohen, a pharmacist at the non-profit Safe Medical Practices.

“Reilly fears the shortages will worsen as the pharmaceutical industry continues to consolidate, and as more companies stop producing generic drugs because they are LESS PROFITABLE.”

http://news.yahoo.com/fear-us-drug-shortages-mount...

8 Answers

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  • EviL
    Lv 6
    8 years ago
    Favorite Answer

    bottom line it's all about pharmaceutical company's keeping the share holders happy.

    people's lives don't matter.

  • Anonymous
    8 years ago

    FDA regulations require min 10 years to put a new medicine on the market.

  • Anonymous
    8 years ago

    That is capitalism at its best. Create a shortage so you don't have to produce as much and charge more for what you do produce. This is the true evil of the system.

    The true is this is not capitalism, but corporatism. A true free market corrects imbalances like these.

  • Anonymous
    8 years ago

    actually it does.

    when walmart started its pharmacy departments walgreens, and rite aids dropped their prices to compete.

    if fact you can go into walmart, and fill most 3 month prescriptions for only 12 bucks.

    "A recent report by the Food and Drug Administration (FDA) found that the number of important treatments that are difficult or impossible to find nearly tripled from 61 to 178 between 2005 and 2010."

    didn't obamacare get passed between 2005, and 2010?

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  • 8 years ago

    Obamacare puts shackles on the US pharmaceutical industry......and you blame Capitalism?

  • 8 years ago

    Ask you local politician. Anyone of them can answer your question.

  • Erik
    Lv 7
    8 years ago

    insurance - people are disconnected from how much they are raped by pharmaceuticals

  • 8 years ago

    If you have your answer, why did you ask the question?

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